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Aeon Co sets up RM1 billion Islamic debt programme

Published Wed, Apr 13, 2016 · 09:50 PM
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Kuala Lumpur

MALL operator Aeon Co Malaysia has established twin debt facilities to raise up to RM1 billion (S$348.7 million) in Islamic securities, according to a regulatory filing by credit rating agency RAM Ratings.

The issuance plan from Aeon, 51 per cent owned by Japan's largest retailer Aeon Co Ltd, includes 15-year Islamic medium-term notes and seven-year Islamic commercial papers. RAM rated the programmes AA2/Stable and P1 respectively.

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